What it does
Reya combines a trading application with infrastructure designed around shared margin and liquidity. Its account model aims to make collateral usable across positions rather than leaving every trade in a separate isolated balance. Cross margin also shares the consequences of losses across the account.
The team confirmed the v2 orderbook live in private beta on 28 September 2026. Initial access is limited to selected existing traders and institutional market makers. This begins Season 2; it does not establish that every stage of the planned based-rollup architecture has shipped.
Which network does Reya use?
Reya has its own network; production chain ID is 1729. The chain guide identifies the current deployment as a heavily customized Arbitrum Orbit chain, with an upgrade toward Ethereum-based sequencing in stages. The future architecture is not evidence that every stage has already been deployed.
Where it stands out
- Portfolio margin can reduce fragmentation between positions and make the account easier to manage as a whole.
- The product range covers crypto and traditional-asset markets, allowing different exposures to be monitored within one interface.
- Technical migration documentation exposes the distinction between production and devnet, which is essential when maintaining API integrations.
What you can do
- 01The product overview documents perpetuals across crypto, equities, commodities and indices, alongside spot products. A perpetual is price exposure, not ownership of the referenced security.
- 02Cross-margin trading combines collateral and unrealized position effects in account-level risk calculations.
- 03The published architecture distinguishes fast trade confirmations from final settlement; a preconfirmation should not be described as Ethereum finality.
- 04Reya Chain Points recognize eligible trading, staking and selected contributions. Points are non-transferable and do not establish a guaranteed cash value.
Who’s behind it
Reya names Simon Jones and Artur Begyan as founders. Its official team page describes prior experience across trading and financial technology, including Optiver, Wintermute, Goldman Sachs, Coinbase and Citi. These are team backgrounds rather than corporate endorsements of the exchange.
Supporting sources 1
Funding and investors
The official team page discloses $12M raised in aggregate and names Framework, Coinbase Ventures, Wintermute Ventures, Selini Capital, Amber Group, Brevan Howard Digital Assets and Leadblock Ventures, plus individual backers. It does not provide a dated round-by-round breakdown, so the aggregate is not presented as one new financing round.
Supporting sources 1
Referral benefits and conditions
The official points FAQ states that invited traders receive a 10% trading-fee discount. This is a fee reduction, not a fixed cash payment for registering.
The same page gives the referrer 10% of referred trading fees and a points share. Those referrer rewards are separate from the invitee discount. Confirm that the referral is attached to the account and still applies after the current platform migration.
Supporting sources 1
Fees & availability
Fees and costs
The production fee API currently lists a 0.03% regular entry tier and additional options, including a zero-maker tier. The active account tier determines the actual rate; do not substitute a devnet table or assume the same tier for every admitted account.
Supporting sources 3
Eligibility and availability
The orderbook currently has gated private-beta access. Check admission before depositing or connecting an integration. Shared margin can expose the account to losses, and migrated API integrations need the current signatures and endpoints. Regional eligibility still requires checking the application terms.